Member Info for MrWolf

So we currently have the a pony Q3 topped with a potentially a perfect storm 2024 (which I may ad Barclays BoD's keep placing that carrot 2&3 yrs ahead of retail investors, I'm sick of their bu77541t !

We now have C.B messing with the money flow.

Few people are also getting stung whilst the BoJ keep fouling the water, they have lost control of their 10yr B'Y .

Think I also mentioned Natwest a while back too, well they breached the critical 221.8. Triggering a nice short. Charting a possible 130. Where in real terms might achieve 170's out of them.

Now a bank that does look good (IMO) is NAB, chart looks peachey atm.

@ LWHL - Absolute carnage this morning (other indirect issues) C.B's messing about. EU & UK money supply is going negative. Last time was a month or so back in 2009.

Getting back to BAC, they don't look good.

Losing 50% of their market cap in the last 20 months, don't leave a good taste in anyone's mouth.

Regards W'

Hi chap, Ill pull up a chart later and see, then see what 2nd opinion I get back. Leave it with me as Im honestly done and heading off.

Regards W'

Cont; Where as the past 3 tests into 130 / 140's were broken yesterday, which left me also looking at a much lower figure.

That being the case Barcs and all other shares move on market sentiment and can change course and prove me wrong.

Hence my reason for waiting this out, if we do pick up from here, it looks short lived.

No I do not take any pride out of seeing this SP so low, it's disgusting and poor management though and through.

Hopefully I have not caused upset as we all want this to pick up, though sometimes the writings on the wall.

Once / if low to mid 120's get chewed into then Ill start tapping Barcs again, unless that happens IM not putting a paw print near them till I see 154 taken out.

Annoys the heck out of me seeing this at such levels !

Off now, out the door. GLA

@ Mr A' - Afternoon, trust this day finds you well and in good stead.

Thank you the kind words . . ."A quick punt with a quick return is never to be sniffed at! Keep sharing your technicals please. Truly appreciated by me and I suspect many others?" appreciated input both ways sir.

Sometimes (Occasions like this one) it wouldn't be well received if I post bits as and when they flag up with Barcs.

Prime example if I was to trade 100% off old school indication and not consider "other factors" when trying to price in good value, then as we both know I would miss so many opportunities.

Yes I do not mind laying my cards on the table (nothing gained by being secretive) as IM not a fund / capital manager lol.

Though I do hold a lumpy number of Barcs, yes I do also smash and grab (cfd) like yesterday, though that was only after the US woke and started dropping some units, think 129 was far too much for anyone to (swallow) once I cleared B.E's and showed profit, then I concentrated on giving them back once they broke down. Yes a few others may have read my post and thought, why ?

Though I knew from age and experience the odds were in my favour, that there would be a further attempt to pick up (momentum) its like a stone in the pond. Which I target the 1st slash and don't usually wait for the smaller ripples / FIB retracements.

There is lots on here who do not believe in T.A. ( which I respect) though I know for a fact hte "Bean counters) all huddle together and compare their ideas. Where the lone Wolves make their own path, just like a good friend of mine.

Having known the past 20 yrs from the days of blowing up his accounts (big accounts) hotels, brasses and suffering the effects of Columbian flu the next day lol - No not myself I need to stress that point.

Anyhow the past decade he went alone and started his own fund. Cleared his act up and has a impressive track record now.

He doesn't favour trading stock like Barcs, though we do chuck bits back and forth.

The reason why Im doing an "uncle Albert / During the war" is we exchanged a few opinions on Barclays only yesterday and this morning in fact. So I will share both of our opinions and you and take out of it as you wish.

His opinion is purely tech only and also highlighted a move down since Jan22 and stresses a bottom of around 98 /100 .

Which is nearly a 2yr correction already.

He agrees with me that the charts show a min of 118.8 as the min downside T if this does not pick up.

Mind you he was all over shorting Metro, well before me, he also agrees that JPM an GS are looking to get at least 30 / 35% knocked out of them. There is a good article in the Times concerning HSBC Boss winging on about gov debt and covid borrowing.

Now ad my 2 pennies worth in the mix and I'm usually happy with my results.

It looks like a classic case and yesterday was just the taster, which usually allows big funds to rip off retail "Taking the cream of the milk" so I sat back to watch it all unfol

@ Gwhizz - "Anyhow they're stirring across the pond, lets see how a few of those Texan based funds make of this mess / print?" knew it coming, some heavy calls today.

@ Mr A' - Well done sir ! Hope you and a few others today make good. Wasn't going to even put a paw in today, though once the US (Texans) started putting their $'s worth in, even I grabbed a punt when I see 129 flash up. far too low for today and just a matter of breaking down on the micros, soon chucked that potato once it faltered.

It was only (dead cat and all that) a quick punt, enough to keep Mrs Wolf off my fur for a week or two.

Either way, like Duder71 just posted "Absolute 541t show" Barclays BOD's should be ashamed of themselves, something of which, doubt even one of them understands the meaning.

Drop of 10% in a day ! "Ave a word" Hate to of read a bad print this morning.

That's me done, best of luck everyone.

@ Toff - Completely 100 %.

Heard a few voices these past 8 weeks over Metro and tried to block out Barclays negativity. Knowing full well the mind set from 152 /148 was a key marker (wriggle room) as for FCA, ole Bailey set their high standards. Not !

Despise them, the FCA needs a governing body over them !

@ SUFCESSEX - I think that's the term we used as kids . . . How's you SUF ? nice to see you back on board, whilst your here, pick up a bucket and start bailing out some water with the rest of us.

Some did shout "land ahoy" just not convinced if its a mirage though.

Did take a 2nd glance at them post tallies, are you chasing after Trojan's count or what ?

Oh and since you flipped sides, the price of chips have gone up, down my local chippie and I wondered if you can have a word .

@ Hennersd007 - Here's hoping sooner, rather than later.

. . . and of course "Only an egotist tries to pick a top and bottom" an old classic though "Those who only picks bottoms, just get a smelly finger !"

My opinion of this morning is of the fact that I knew the charts looked bad once 152 got slapped about.

Apologise for not proofing a post "DId say the chart did not look to(o) good" In fact I refrained from posting the the H&S screaming out at 148.30 (neckline) if broken and outside factors do weigh in, we could witness a possible decent to 108 / 110 ish.

Which then leaves me with a chart for guidance and partial common sense as to 2nd judge, just when a few influentials decide to turn this tanker around.

Natwest, Lloyds do not read as strong as Barclays when some pain is dished out, as for Metro (spank) they are treading water atm.

Now if we chucked in more divi buy backs (which never materialised) in the mix we may have partially counter acted against other factors, of rates / bonds / capital and of course middle east fallout.

Despite the fact this looks really funky today I'm not having a punt.

Though saying that , i'm not looking for a smelly finger either.

There is also the fact that a majority (indeed myself) feel that Barc SP is seriously below where it should be, something that actually infuriates me when I see (2 bob) companies getting ramped up far and beyond reality !

Anyhow they're stirring across the pond, lets see how a few of those Texan based funds make of this mess / print?

Regards W'

Well this morning was a nice surprise, opened the screen to find a bit of carnage, yesterdays (non charted) punt got binned right off.

Adding to my hackles getting even more statically charged today, Mrs W calls me on the 'Bat' phone just as im trying to clear a safe distance on my Cable trade ( knocked off a couple of times earlier ) then just after 9 it seemed as everyone else was piling in, only for Mrs W to need a 2nd opinion on some poxy sink taps GGGRRRrrrrrrrr !

Anyhow, back to task 142.50 appears to be the line in the sand concerning Barclays atm.

If we see this broken and closed lower on the day, it could very well indicate a far deeper correction.

Just hope Mr A's marker doesn't cause any confliction there lol.

Saying that we have Q3 out on the 24th I believe, we may even here something positive for once (nobody hold their breath though) as we have all been here before.

Without stating the obvious current factors.

Off now, just have to see how everything unfolds.

Im done, have a nice weekend.

@ T.M.S - Yeah the exchange blocked out, all small cap stuff.

Metro Spank and a few others (most of our fins) been an absolute nightmare !

They couldn't have timed it better today either.

"Elvis has left the building" - well in about 45 seconds.

Regards W'

Well whilst trying to remain positive, as mentioned earlier, this is looking far like breaching this area, rather than breaking out atm.

Barcs could still turn this show around.

Though it isn't looking too healthy from my screen.

Decided to let this run as we are still holding a Bull Flag , only by a fraction though.

We need some movement as this area is pretty much a last chance saloon atm.

The LSE's outage this arvo really has messed things.

Anyhow "Another day, another $" GLA

Good arvo Mr A' - Told you to chuck that marker in the bin, look what you've done now !

"Other factors" really weighing in this week.

Got stopped out (2nd time on Barcs of late) was hoping for some lift by now, though it doesn't look good short term.

We have Pow wow chating more breeze later, few sheep over the pond kicking cans about.

Though most are keeping a close eye on the T' Note and potential contagion when it kicks off with Israel.

Ole Sleepy Joe ran out of crayons when reporters asked for his opinion on war crimes.

So sad the fact it's always the innocent that suffer.

Anyhow, back to task Im having another go at getting some mud to stick at Barc's wall.

Just gone in @148.34 - as per Ill be baby sitting this one until I can push a stop.

Regards W'

@ Mr A' - Yes, indeed sir.

Bit of "Swiss Tony" fine tuning and of course the big boys printing out some decent figures over the pond.

Must be honest as yesterday's drop did catch me off guard, did expect a tad of a slap back off the 200, just not with such a sting. The TA is never any good when the water is so muddy.

Just grabbed some fun coupons off the DOW open (keep Mrs W' Happy) and adjusted my recent Barcs stop above B.E's paws crossed this holds.

Not so much day trading, just catching some extra % as and when possible.

We also have this to contend with soon . . . "Banking turmoil this year provides justification for fully implementing the (final mile) of Basel global banking capital rules, a global regulator said on Friday, despite an industry backlash in the United States". Banking turmoil this year provides justification for fully implementing the "final mile" of Basel global banking capital rules, a global regulator said on Friday, despite an industry backlash in the United States.

If it isn't one thing it's another !

Typical, lashing down outside now "taxi" im done.

You take good care sir, have a pleasant weekend and all others too.

GLA

Good arvo Mr A

Trust this part sunny day finds you well and good sir. . ." I expect the share price to break 150p floor today and/or Monday (looks like my thick black marker pointing 149p may prove to be accurate MrWolf?" . . . Easy with that marker Mr A' I've had x3 profitable trades on Barcs since then.

Give an old codger a bit of slack as lots (other factors to consider) have been thrown at the markets this past fortnight.

Yesterday's punt I happily adjusted my stop this morning to 152, only to re-adjust it to 150 on the nose moments later.

Currently looking for a clearance of +153 and my tail can stop twitching.

So you just drop that marker in the bin lol

So much going on and it's very unsettling atm, never good for markets.

My primary thoughts atm though, has to be with all the innocent / decent soles caught up in the fighting.

Sad that in this day and age that its allowed and even provoked in some cases, though we the UK aren't any better after what Blair and Bush did.

Amongst all the attention that J.S.O pushed at this years AGM, among the speakers a handful of people did make an attempt as to questioning Barclays investments that affected Gaza, which was soon shrugged off by Higgins, not surprising though considering his Rothchild background.

Anyhow, they're starting to wake over the pond and my coffee needs a refill .

Regards W'

@ Robina - nice timing earlier, well done.

Hopefully this is just a bear trap and was all down to the algo's slapping off the 200 ma.

Price action over the next few sessions will be crucial though.

FTSE is coming out of an 8 month consolidation, appears to be hunting for a new time high.

The only thing that concerns us atm is the US debt is exploding .

Despite all the woe and foe, went long myself too, not as heavy as I usually hit, though I'm not all that convinced as it was more of a repetition and gut instinct having tucked up onto ole faithful (200) we didn't have the fuel to blast through atm.

Back to watching this trickle charge.

GLA

Instead of leaving today in a shadow of nigh lol.

This of course is purely TA and nothing more, having tweaked the count a tad.

It gives a different picture for Barcs, using the 4hr chart and last peak mid september as (i) this base of descending trend could be counted as (ii) ... which will need to gain back 155/157.50 putting us back on track.

Paws crossed this is wave iii of ii of W3.

The next couple of sessions will clarify this, if it is ?

Thats me done today, im off

GLA

@ Robina - Totally agree with you on that point, usually it's a playground show of support, that's all.

Regulated brokers should be able to justify their speculations, many of which can not.

Sadly it is an industry joke and should have tighter parameters set as not to mis-lead retail investors.

Maybe it would be worth a few investors contacting the regulator.

Personally I never pay the slightest bit of attention to any of the brokerage ratings.

In fact they should be far more respectful to retail business.

Must dash, GLA

@ The Reducer - Good morning sir, crumbs that makes me sound like like a right dumb @r5e, as I myself was long Barcs over £5, caught the falling knife @ £3.47 and £3.10 ( one very old account, kept only for dividend income) they all cut my paws lol

Many, many of Barclays own employees got burnt in the crash, so you can not blame yourself, praise yourself for getting an achievable B.E's (Which is achievable once the water settles) just proving challenging for all of us.

Mind you lesson learnt the hard way, as we all have done at one point or another.

Keeping both TA and "Other factors" have helped me turn the tables these past years.

Whilst I only pop on and keep a paw in this board, can you imagine the welcome I'd have received weeks back at 80p when I shorted Metro ( Which may I ad was made on the back of "other factors" and T.A targeting sub 30p) something guess work and market sentiment don't accurately assist with.

To say the least I would have been slaughtered on the Metro board, chased away and probably shot at lol

If you or anyone glances back through a few posts, you / they would notice that I had referenced Metro, well before this mornings landslide.

If I was to lay a few cards on the table, there is a bit of "curtain twitching" going on atm concerning Wells Fargo, Toronto Dominion Bank & Charles Schwab. Which if they do start waving a white flag, it will make a splash.

Like everyone else its just a matter of seeing what unfolds, though sentiment has completely cut back since end of last month, this quarter has got off on a sticky wicket.

Regards W'

@ the reducer - firstly sir, do not apologise for sharing a decent, valid opinion, whole idea is to chuck difference of opinions about.

the "160's" was just me being greedy / ****y re -buy, waiting for a 164 /5 though it never had the legs. knew back on monday's volume i should have chopped it in, though i was otherwise engaged in other areas. tend to leave barc trades to alerts me first these days, far too slow and tiresome.

like today i've been 90% under cable, which has proven a little jem.

reference your comment of "i am not buying into any ta analysis" may one ask how you set your trades and open any positions, surely you must follow some kind of ta ?

i am asking sincerely and a genuine question as i do not personally know anyone around me, that does not use ta.

once my alert is triggered and i make the decision to open, then i will baby sit until i can push in a b/e's or profitable stop.

then as the same as most others, leave it alone and let it do its thing.

could have mentioned the obvious (which i totally agree with you) the dow, raised rates, draining on confidence ect;

where as i try to keep my input as light and laymen as possible, this isn't the board to scare the jeebies out of most on here.

good example, i could very well have mentioned a few friends were sharing ideas and ta regarding barcs only yesterday, one in fact suggested if things got funky, we could see a drop into 109.

now personally i can not see that happening myself, though i have a lamb chops defrosting incase it does lol.

if we do see a sell off like march i can assure you of one thing i won't wait for market sentiment to start cheering up ( the moves long gone by then) i will do as i always do and set up on the back of ta and wait.

ta does not always work out as planned and of course we always need to consider "other factors'" that may impact a sp. but i would be lost without ta.

most of all "the trend is your friend" sadly barcs have been in a downward trend for sometime now and its nice to use it to one's advantage, as and when we can.

even if we do have a bit of adjustment, as per i will buy into it, as i would rather trade this battered blue budgie than some of the others atm.

just hope this is a bit of dust kicking about and will settle soon, though it has imploded a few anal postures this week, few friends been a little upset, bit like the time i collected mrs wolf outside kings cross station and asked "how much luv?" she didn't see the funny side of my humour and i lost a bit of fur around the left ears on route home lol.

anyhow i'm all sorted for today my cable position is tucked up nicely and hopefully run some more.

have a wonderful evening.

regards w'